Avid Bioservices Inc (CDMO)

[Fire Fox]

Good post Stoneroad - Same reasoning can be applied to the new high-level employees Mgmt wants to bring on with stock options from the newly authorized shares.

I would rather see the new options granted when the stock is at $5 and the new team has to work hard to get the stock to $50 to get their 10X banger, than to see these new employees handed a no brainer as they effortlessly watch the stock rise 10X from $1.20 to $12 on Company accomplishments that were paid for these last 3 years with dilution I suffered.

I agree it makes it easy for ES and SK to recruit new employees when they are giving away large pieces of my company at these sub-basement prices, but when Bavi is approved it will be just as easy to recruit them at $5.

I'm planning to vote NO on Proposal #3 and also send a polite note to the BOD saying I will happily reverse my vote, either before the AGM or at a subsequent special meeting of shareholders, if they would first take some concrete step to monetizing the anti-PS platform (e.g. close the much touted ex-US regional licensing deal) that starts to close the "astronomical" gap between the current share price and the true value of the technology.